EUR/GBP Weekly Outlook

EUR/GBP’s rebounded after dipping to 0.8354 last week. The development suggests that a short term bottom was formed, on bullish convergence condition in 4H MACD. Initial bias is mildly on the upside this week for 0.8458 resistance, and then 38.2% retracement of 0.8737 to 0.8354 at 0.8500. Nevertheless, break of 0.8354 will resume the decline […]

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